CHICAGO (July 14, 3:40 p.m. EDT) — Fremont Plastic Molds, a member of aggressively growing Midwest Tooling Group, virtually has doubled the size of its facility in a much-needed move to gain capacity.
Fremont makes blow molds for automotive and other applications, said Martin Cass, president of the Fremont, Ohio-based company and executive vice president of Midwest Tooling Group.
Cass joined Midwest Tooling Group, a consortium of four tooling and machining shops, last year in a move by the company to attract more private investors, Cass said.
The group has invested $1 million in Fremont´s operation to help it grow, Cass said. The expansion was just completed.
"Space has always been an issue," he said. "This will help us grow at the level we need."
The company installed two computer numerically controlled milling machines and organized its plant into 10 automated work cells for round-the-clock operation, Cass said. About 15,000 square feet was added to the building to bring it to a total of 35,000 square feet.
The expansion is part of a large plan by Midwest Tooling Group, said its executive vice president, Mark Teague. Midwest, founded by Teague´s father Joseph, is looking for acquisitions that Teague said would more than double the group´s sales from $25 million to more than $50 million.
"We want to do this as quickly as possible," Teague said in a June 20 interview at NPE 2000. "Our plan is to become the largest tooling company in North America."
Midwest Tooling also owns injection tool shop Crown Mold & Machine Inc., injection and compression toolmaker Penco Tool Inc. and machining company Deep Hole Specialists Inc. All the companies are based in northern Ohio.
Fremont recorded sales of $9 million last year, Cass said. Joseph Teague purchased Fremont in 1992.